7.4 ap world history amsco economy in the interwar period Flashcards
What major global event significantly impacted economies during the interwar period?
The Great Depression
True or False: The interwar period saw a rise in economic nationalism.
True
Fill in the blank: The _______ was a series of economic policies that aimed to stabilize the economy during the Great Depression.
New Deal
Which country experienced hyperinflation in the early 1920s?
Germany
What was the primary cause of the Great Depression?
Stock market crash of 1929
Multiple Choice: Which of the following was NOT a response to the Great Depression? A) Expansion of social welfare programs B) Implementation of austerity measures C) Increase in military spending D) Global trade agreements
D) Global trade agreements
What economic system gained popularity in several countries during the interwar period as a response to economic instability?
Fascism
True or False: The United States was the first country to recover from the Great Depression.
False
Which international organization was created to promote economic cooperation and prevent future depressions?
The International Monetary Fund (IMF)
What was the impact of tariffs during the interwar period?
They contributed to a decline in international trade.
Fill in the blank: The _______ was a significant trade agreement aimed at reducing tariffs in the 1930s.
Reciprocal Trade Agreements Act
Multiple Choice: Which country implemented a five-year plan aimed at rapid industrialization during the interwar period? A) Italy B) Japan C) Soviet Union D) United States
C) Soviet Union
What was one major effect of the Great Depression on global politics?
Rise of totalitarian regimes
True or False: Agricultural overproduction was a key factor in the onset of the Great Depression.
True
Which U.S. president is associated with the New Deal?
Franklin D. Roosevelt
Fill in the blank: The _______ was a period of severe drought that exacerbated the economic difficulties for farmers in the U.S.
Dust Bowl
Multiple Choice: Which of the following was a significant effect of the Great Depression in Europe? A) Increased immigration B) Economic recovery C) Widespread unemployment D) Expansion of trade
C) Widespread unemployment
What was the purpose of the Smoot-Hawley Tariff Act of 1930?
To protect American industry by raising tariffs on imports.
True or False: The interwar period was characterized by significant economic growth worldwide.
False
Which ideology promoted state control of the economy and was adopted by Italy and Germany during the interwar period?
Fascism
What was one major consequence of the global economic downturn during the interwar period?
Increased political instability and conflict.
Fill in the blank: The _______ was an economic policy that emphasized government spending to stimulate the economy.
Keynesianism
Multiple Choice: Which country remained largely unaffected by the Great Depression? A) United Kingdom B) Japan C) France D) All were affected
B) Japan
What role did women play in the workforce during the interwar period?
Women increasingly entered the workforce to support their families during economic hardship.